LINK, ADA, and SOL Flash Bearish Setups — Analyst Flags Downside Targets

Three major altcoins are flashing simultaneous bearish technical setups — and one analyst is naming exact downside targets for each. Chainlink (LINK) is breaking below a Head and Shoulders neckline. Cardano (ADA) has been rejected at the top of an ascending channel. Solana (SOL) has confirmed a breakdown below key support, with the next level at $111. At the time of writing, Solana — whose live price is used as the tracked asset — is trading at $115.31, down 2.97% in the past 24 hours, with a market cap of approximately $67.9 billion.

The alerts come from crypto analyst Ali Martinez (@alicharts), who published a five-part thread flagging what he characterizes as coordinated bearish setups across the altcoin market. His exact words on the thread’s opening: “THESE CRYPTOS ARE ABOUT TO DUMP.” Each setup carries a specific invalidation level and one or more downside targets — not vague directional bias, but named price zones.

Signal 1 — Chainlink (LINK): Head and Shoulders Neckline Break

Chainlink’s 4-hour chart, flagged by @alicharts, shows a classic Head and Shoulders pattern with the head peaking near $15.86 and the neckline running beneath two flanking shoulders. The current price on the chart is annotated at $13.39 — at or below the neckline break point. The analyst is explicit about the condition: “As long as price stays below $13.56, the pattern points toward $12.39, with $11.98 as the next level to watch if selling continues.”

The structure is straightforward. The $13.56 level is the invalidation threshold. A sustained close below it keeps the bearish pattern active. The primary measured-move target is $12.39. If selling accelerates through that level, $11.98 becomes the secondary target. The chart labels three sequential support zones beneath the neckline: $12.70, $12.39, and $11.98 — each representing a potential staging point for sellers. No upside targets are given; the analyst’s thesis is conditional on price remaining below $13.56.

Signal 2 — Cardano (ADA): Ascending Channel Rejection

Cardano’s daily chart shows an ascending parallel channel spanning approximately August through October. Price reached the upper boundary near $0.29 and formed bearish rejection candles — a signal that the channel’s ceiling is acting as resistance rather than a breakout zone. At the time of the analysis, the chart annotates ADA’s price at $0.256. The analyst’s framing is conditional: “If that rejection holds, price could move toward the channel’s lower boundary.”

The lower boundary of the channel is labeled at $0.21 on the chart. A dotted midline runs through the structure, with $0.23 representing an intermediate level. The setup is a mean-reversion thesis within an established trend: price reached the upper extreme, rejected, and now faces a potential return toward the channel’s lower boundary. The setup is invalidated if ADA reclaims and holds above the $0.29 upper boundary.

Signal 3 — Solana (SOL): Support Breakdown Confirmed at $117

Solana’s 4-hour chart shows the sharpest and most immediate of the three setups. After ranging between support and resistance, SOL broke sharply below $117 on a 4-hour closing basis — the level the analyst identifies as the critical breakdown point. The chart annotates the current price at $115.97, with large bearish candles marking the breakdown sequence.

The analyst maps sequential downside targets below the breakdown: $114 is the immediate support. If $114 fails, $111 becomes the next target — flagged by an upward arrow on the chart’s lower right edge as a forward target zone. The chart explicitly labels $124, $120, $117, $115.97, $114, and $111 as the key price structure. The confirmed break of $117 activates the bearish sequence. A reclaim of $117 on a closing basis would negate the breakdown thesis.

For broader context on altcoin positioning, the CryptoQuant Analyst Consensus showing SOL at 92.9% bullish represents the on-chain counterargument — the technical breakdown and on-chain sentiment currently point in opposite directions for Solana.

What the Three Setups Share

Each of the three setups carries a named invalidation level, not just a directional bias. For LINK, it is $13.56. For ADA, it is a reclaim of $0.29. For SOL, it is a reclaim of $117 on a 4-hour close. @alicharts is not calling for indefinite downside on any of these — he is defining the precise condition under which the bearish case stays active. That specificity is what separates a technical breakdown call from a generic bearish take.

The timing of all three signals appearing simultaneously within a single analyst thread also matters for context. Altcoin weakness clustering across assets with different market caps and use cases — LINK at approximately $8–9B, ADA at multi-billion, SOL at $67.9B — suggests the pressure is sector-wide rather than asset-specific. Readers tracking recent altcoin volatility may also note the sharp divergence seen in altcoins posting 50%+ weekly gains — a reminder that the current market is highly selective.

Bullish Scenario

LINK reclaims $13.56 on a 4-hour close, invalidating the Head and Shoulders pattern and removing the measured-move target. ADA holds above $0.23 and breaks back toward $0.29, suggesting the channel rejection was a false breakdown. SOL reclaims $117, negating the confirmed breakdown and shifting structure back to range-bound.

Bearish Scenario

LINK sustains below $13.56, confirming progression toward $12.39 then $11.98. ADA’s rejection at $0.29 holds with follow-through toward $0.23 and $0.21. SOL loses $114 after the $117 breakdown, opening the move to $111 — the analyst’s stated secondary target.

Three altcoins, three distinct chart patterns, three sets of named price levels — all flagged in the same thread by @alicharts on October 8. The setups are conditional, not directional absolutes. For LINK, the number to watch is $13.56. For ADA, $0.29. For SOL, $117 — and below that, whether $114 holds or cedes to $111.

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Source: Ali Charts · Published by CoinsProbe Markets Desk

Written by

Coinsprobe Markets Desk

Crypto journalist and analyst covering blockchain, DeFi, and digital asset markets at CoinsProbe.

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